0
middle-aged men
What else can I help you with?
A firm is producing a line of designer silk ties what is its target market?
middle-aged men
What is a group of customers toward which a firm directs its marketing efforts?
Target Market
What is a differentiated strategy?
A firm using a differentiated strategy makes a conscious decision to divide and target several different market segments, with a different product geared to each segment
What is market oriented firm?
A real market oriented firm will be able to meet the wants and the needs of its clients by all means.
What is the definition of differential marketing?
its a market-coverage strategy in which a firm decides to target several market segments, and design separate offer for each. for example., hindustan lever limited has lifeboy, lux and rexona in popular segments and liril and pears in premium segment.
A firm is producing a line of designer silk ties what is its target market?
middle-aged men
A firm is producing a line of chic hair care products and accessories what is its target market?
Young Women
A firm is producing a line of chic hair care products and accessories. What is its target market?
Young Women
What is a group of customers toward which a firm directs its marketing efforts?
Target Market
What can a firm with market power do?
A firm with market power has the ability to control prices and total market output .
What is the importance of direct marketing communications?
The term target market refers to the total group of potential customers that a firm is trying to reach. True or False
How is a monopolist different from a perfectly competitive firm in terms of market structure and pricing behavior?
A monopolist is a single seller in the market, while a perfectly competitive firm is one of many sellers. A monopolist has the power to set prices, while a perfectly competitive firm is a price taker and must accept the market price. This difference in market structure leads to monopolists typically charging higher prices and producing less output compared to perfectly competitive firms.
How does competition in a market affect allocative and productive efficiency?
A competitive market, firms act with their benefit at heart. If a firm is producing at productive efficiency, it produces goods at a relatively low expenditure, it can sell at low prices and hence compete well in the market.
In a competitive market, when the price is greater than marginal cost for a firm, how does this impact the firm's decision-making process and overall profitability?
When the price is higher than the marginal cost for a firm in a competitive market, it means the firm can make more profit by producing and selling more goods. This influences the firm's decision-making process by encouraging them to increase production to maximize profits. As a result, the firm's overall profitability is likely to increase as they take advantage of the higher prices to boost their revenue.
Where does a car designer work?
A car designer might work with a car manufacturing facility or with an engineer. A car designer might also work with a marketing firm.
What are the best ways to market an attorney firm on the internet?
There are many ways to market an attorney firm on the internet. The best way to market an attorney firm or anything else on the internet is to places ads on popular websites.
What is market oriented firm?
A real market oriented firm will be able to meet the wants and the needs of its clients by all means.
